services at Hamilton College. Futurist John Smart, president and founder of the Acceleration Studies Foundation, recalled an insight of economist Simon Kuznets about evolution of technology effects known as the Kuznets curve: "First- generation tech usually causes `net negative' social effects; second- gene

ct equality) and 100 points means all the income of the nation is received by one person (perfect inequality). As originally theorized by economist Simon Kuznets, the conventional expectation has been that as societies developed they went through a necessary period of high inequality during the transition fro

y services at Ham=lton College. Futurist John Smart= president and founder of the Acceleration Studies Foundation, recalled an=insight of economist Simon Kuznets about evolution of technology effects k=own as the Kuznets curve: "First-generation tech usually causes 'net negative' social effects; second-genera

odeling what national accounts, again including accounts of market-valued capital, would have shown in years before they were founded in 1930 or so. Simon Kuznets, for example, who Chapter 2: Fast Forward 1/06/16 7 HOUSE_OVERSIGHT_010947 founded the national accounts in the 1920s and reorganized them along K

e in failure rates and learning curves that daily coping does. Macroeconomics and Keynes Macro emerged in the 1930s under the influence of Keynes. Simon Kuznets, the chief architect of the U.S. national accounts, was one of the five economists Keynes invited to proof the chapters of his General Theory as he w